Even The Goldman Short-Sellers Are Liquidating Today

Everything’s still getting hammered, though markets are off their lows somewhat.

A possible surprise? Goldman Sachs is solidly in the green.

Why?

Our best guess it that it’s rising for the same reason everything else is falling: folks are liquidating their winners in favour of cash. In this case, Goldman shorts have had a nice ride, and are taking profits to get into ever-strengthening US dollars.

If you have a better idea, let us know.

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Photo: Yahoo Finance

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